solution

able 3-8 Assume that England and Spain can switch between producing cheese and producing bread at a constant rate. Labor Hours Needed to Make 1 Unit of Number of Units Produced in 24 Hours Cheese Bread Cheese Bread 16 Refer to Table 3-8. We could use the information in the table to draw a production possibilities frontier for England and a second production possibilities frontier for Spain. If we were to do this, measuring cheese along the horizontal axis, then athe slope of England’s production possibilities frontier would be -0.67 and the slope of Spain’s production possibilities frontier would be -0.5. O b. the slope of England’s production possibilities frontier would be -1.5 and the slope of Spain’s production possibilities frontier would be -2. O the slope of England’s production possibilities frontier would be – 75 and the slope of Spain’s production possibilities frontier would be -1. O d. the slope of England’s production possibilities frontier would be -2 and the slope of Spain’s production possibilities frontier would be -5.

 
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